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Brace For Impact: Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross

On-chain data shows the Bitcoin MVRV triple ribbon has once again formed a signal that has lead to an average of 30% decline during previous instances this year. Bitcoin MVRV Triple Ribbon Shows Bearish Signal Formation As pointed out by an analyst in a CryptoQuant post, the latest trend in the BTC MVRV triple ribbon may suggest the crypto will observe another local drawdown soon. дальше »

2022-8-23 22:00


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Was $33k Bitcoin’s Bottom? On-Chain Analyst Reveals ‘Classic Indicator’ To Catch The Cyclic Bottom As Bullish Sentiments Linger

Key Takeaways Bitcoin has not yet reached a cyclic bottom according to Ki Young Ju, CEO of CryptoQuant. He draws his judgment from Bitcoin’s MVRV ratio, which is currently trending lower.   While the metric is bearish, bullish sentiments continue to linger in the market. дальше »

2022-1-26 01:16